ASEAN's textile exports accounted for an increase – Sewage Treating Equipment manufacturer
China-ASEAN Free Trade Area ASEAN will accelerate the pace of economic recovery and ultimately benefit China's textile exports to ASEAN share of the expansion, which will help China's textile industry to implement the strategic policy of diversification of export markets.
January 1, 2010, China and 10 ASEAN member countries launched a comprehensive free trade area, ASEAN countries import textile products from China, the overall tax rate will be significantly reduced, and further enhance the export of Chinese textile products more competitive. At the same time the establishment of a free trade zone has also accelerated the pace of ASEAN economic recovery, and he gradually from the financial crisis, which will also drive consumer demand for textile products. The final is favorable to China's textile exports to ASEAN's share of the expansion, which will help China's textile industry in 2010 to better implement the "textile industry restructuring and revitalization of planning" in the implementation of the strategic policy of diversification of export markets.
Textile exports to ASEAN accounted for an increase
In 2009 as a whole, China's textile and apparel exports to ASEAN amounted to 11.006 billion U.S. dollars, down 2.16%, the cumulative year on year decline since the second half of 2009, continuing a narrowing trend evident. Exports to ASEAN in China's textile and garment exports in the year accounted for 6.42%, higher than in 2008 (5.93%), an increase of 0.49 percentage points. China's textile products exported to ASEAN structure, to textiles, textile products in 2009, textile and garment exports to ASEAN accounted for 68.01% of the; and the pick-up in textile exports is particularly evident, in October 2009, November , Association of Southeast Asian Nations in December of China's textile export growth that month were 3.35%, 39.30%, 57.20%. Further from China's textile exporting countries in the specific point of view, take the first textile exports to Vietnam in 2009, Vietnam's textile exports 2.234 billion U.S. dollars, an increase of 11.02%, in China's textile exports to ASEAN accounted for 29.85 of total %. By comparison, in 2009 China's EU, the United States, Japan, the three major economies of the textile and garment exports in China, the proportion of total textile exports were 21.64%, 16.25%, 12.89%, while export garment products are the main products and clothing in the Europe, America and Japan in the textile and garment exports accounted for were over 70%.
Grasp the favorable factors to actively explore the ASEAN market
Since the second half of 2009, the ASEAN economy began a slow recovery in most countries, and development continues to improve in 2010, thus becoming the support of China's textile export growth in the ASEAN an important economic base. According to published data, Indonesia as the largest economy in ASEAN, in 2009 GDP growth was 4.5%, economic growth, good; Vietnam in 2009 GDP growth of 5.32%, exceeding the growth target of 5%; Thailand's GDP fell 2.3% , better than expected (-2.8%) drop; while Singapore's GDP declined by 2.0% compared with first half of 2009 (-6.5%) narrowed significantly. According to the Asian Development Bank forecast in 2009, Southeast Asia's economy will grow 0.7% in 2010 the region's economy is expected to resume until 2008, 4% level.
ASEAN market of textile consumption potential, as of October 2009, the ASEAN 10 countries a total area of 4.44 million square kilometers, population 584 million, GDP amounted to 1.5062 trillion U.S. dollars. Meanwhile, the ASEAN market more developed countries, fewer trade barriers, market access threshold is low, the development of ASEAN and China's textile complementarity that exists, since the establishment of free trade zone to both sides in the textile field deeper cooperation. In addition, since the completion of a free trade zone to promote cross-border trade, the yuan for the settlement of great significance, it will greatly speed up cross-border trade, the pace of the RMB settlement of the pilot and eventually it will help Chinese textile enterprises to avoid exchange rate risks, lower operating costs. In 2009 China to ASEAN's total exports of textile and garment products in total exports to ASEAN accounted for 10.35% of the over 2008 increased 0.50 percentage points.
As the ASEAN countries to drop tariffs on Chinese textile products, mixed, Chinese textile enterprises in expanding ASEAN market when the need to carefully study China and the ASEAN countries, the normal products and sensitive products, tariff reduction modalities and timetable, reasonable arrangements for the production, full use of the relevant preferential tax rate.
Specific point of view, in 2010 China and six old ASEAN member countries (Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand), there will be zero tariffs for some textile products, while the four new members of the Association of Southeast Asian Nations ( Vietnam, Cambodia, Laos and Myanmar) will be met by 2015 to zero tariffs on some textile products. Association of Southeast Asian Nations to finally to zero tariffs on textile products as the normal products, while also providing a considerable portion of the textile as a sensitive product, the final tariffs on sensitive textile products from time to zero, until their sharp decline in need several years of transition period.
Risks remain textile enterprises should be cautious
The establishment of the Free Trade Area has brought tremendous opportunities for Chinese textile enterprises the same time, a number of risks still need to carefully guard against. For example, the Vietnamese central bank has announced since the February 11, 2010 VND devaluation of 3.4% again, this is the second in November 2009 VND devaluation of 5.4% in the second devaluation of the depreciation of the VND weaken the one hand, China's textile Vietnam the price competitiveness of exports, it also enhances the on developed markets in Europe and America in Vietnam with China on product competition.
In China's textile enterprises "going out" strategy, when even need to carefully study the economic and political situation in the country of destination, to avoid mistakes in investment decisions. Similarly, in Vietnam as an example, Vietnam, the current inflation situation is grim in January 2010 in Vietnam's inflation rate has reached 7.1%, Thailand's inflation rate lower than Vietnam, but in January 2010 has risen to 4.1%. Investment in the country of destination the event of high inflation, have resulted in the production costs and wages rise, the investment risk is even greater. Some ASEAN countries, the textile industry chain, supporting the lack of advantages, the low intensity of infrastructure remain to be perfect, will increase China's textile enterprises to invest in cost. Moreover, the ASEAN countries and China's political and security risks of alert psychology, the same constraint on China's textile industry will become an important factor in the layout of the Association of Southeast Asian Nations.
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